Health-care companies fell sharply as traders rotated out of the sector into other defensive areas such as utilities.
Novartis said it agreed to buy biotech company Excellergy for up to $2 billion, adding a new approach to treat allergic diseases to its immunology pipeline.
AstraZeneca said a lung-disease drug candidate met the primary goal in two late-stage clinical trials, reducing the rate at which patients' symptoms worsened.
The Justice Department filed an antitrust lawsuit against the prominent hospital system NewYork-Presbyterian, alleging that it used restrictions in its contracts with insurers to limit price competition and block lower-cost healthcare options.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-27-26 1736ET



















